Wedbush analyst Alicia Reese reiterated a Buy rating on Cinemark Holdings (CNK – Research Report) today and set a price target of $23.00. The company’s shares closed yesterday at $18.13.
According to TipRanks, Reese is a 4-star analyst with an average return of 6.8% and a 53.52% success rate. Reese covers the Communication Services sector, focusing on stocks such as IMAX, Netflix, and AMC Entertainment.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cinemark Holdings with a $19.13 average price target, representing a 5.52% upside. In a report released on April 5, Wells Fargo also upgraded the stock to a Buy with a $23.00 price target.
The company has a one-year high of $20.40 and a one-year low of $13.19. Currently, Cinemark Holdings has an average volume of 3.2M.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CNK in relation to earlier this year.
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Cinemark Holdings (CNK) Company Description:
Cinemark Holdings, Inc. is a holding company, which engages in the provision of motion picture exhibition through its subsidiaries. It operates through the U.S. and International segments. The company was founded by Lee Roy Mitchell in 1984 and is headquartered in Plano, TX.
